You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.

7227 16th St Phoenix, AZ 85020-5251

Office buildings Google Maps
47,136 SF 5.82 ac lot Built 1981
Entity Owned 9-yr Hold ~ Est. High Equity
Estimated value (blended)
$11.41M
Range $10.27M – $12.55M (±10%)
Property ID US07-1089235

Property summary

AI-generated overview

Pointe Business Plaza, located at 7227 N 16th St, Phoenix, AZ 85020, presents a compelling investment opportunity in the thriving Maricopa County market. This established office complex, built in 1982, offers a total of 101,051 square feet of versatile space, currently configured for multiple tenancies. The property boasts a substantial amount of readily available space, with 8,868 square feet currently vacant and ready for immediate occupancy. This presents a unique chance to secure prime office space in a well-established building. The building's design caters to both traditional office needs and executive suites, providing flexibility for a variety of businesses. The ample parking provision, with a ratio of 5 spaces per 1,000 square feet, ensures convenient parking for tenants and visitors. The property's location in Phoenix offers easy access to major transportation routes, enhancing its appeal to businesses seeking a strategic location. The "New Look Pointe Business Plaza" reflects recent improvements and upgrades, making this a highly attractive option for businesses seeking modern, functional office space in a desirable area. This is an excellent opportunity to establish or expand your business in a well-maintained and conveniently located office building. Contact us today to learn more about leasing opportunities.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction CONCRETE
Total area 47,136 SF
Lot 5.82 ac (253,650 SF)
Zoning code C-O
APN 164-24-018C
UPID US07-1089235

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Law Firm Child Welfare Organization
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.97M
Blend (final) Blend
$11.41M

Owner & transaction history

since 2017
3 recorded transactions
2017
$11.4M
1991
$2.1M
1969
Price N/A

Zoning & alternative use

C-O · Phoenix, AZ
Zoning description

The purpose of C-O zone is intended to provide office use as an appropriate transition between intense commercial activities and nearby residential uses

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $19.9M +144.9%
Retail stores $14.0M +72.7%
Medical building $12.5M +53.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message